• Six-time Tour de France winners poised to confirm deal
• New team will be named Ineos after Ratcliffe’s company
Team Sky is poised to announce a takeover by Britain’s richest man in a deal that will maintain the six-time Tour de France winners’ position as the wealthiest team in world cycling.
Sources close to Team Sky have told The Guardian that an announcement is “imminent” and Team Ineos, sponsored by the controversial petrochemical company owned by Sir Jim Ratcliffe, is expected to be unveiled within the next 48 hours.
Written by Jeremy Whittle
This news first appeared on https://www.theguardian.com/sport/2019/mar/18/team-sky-set-for-takeover-by-britains-richest-man-jim-ratcliffe under the title “Team Sky set for takeover by Britain’s richest man, Sir Jim Ratcliffe”. Bolchha Nepal is not responsible or affiliated towards the opinion expressed in this news article.
